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In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments from the past month, with links to primary resources. This month we ask: Which company resolved a foreign bribery case in Scotland? What was the outcome of a three-year foreign bribery trial in Italy? Why is Brazil’s former president free to run for office again, despite multiple corruption convictions? The answers to these questions and more are here in our March 2021 Top 10 list.
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AXIS Capital Holdings Limited ( AXIS Capital or the Company ) (NYSE:AXS) today announced a preliminary first quarter net loss estimate for catastrophes and other weather-related events in the range of $105 million to $115 million, pre-tax ($95 million to $105 million, after-tax).
The pre-tax net loss estimate includes an amount of $80 million to $90 million for Winter Storms Uri and Viola, principally related to the state of Texas, and is consistent with industry insured losses of approximately $13 billion to $14 billion. The Company also reaffirmed no change to its net loss estimate established for the COVID-19 pandemic in 2020.
Separately, AXIS Capital noted continuing improvements in its current accident year loss ratios excluding catastrophe and weather-related losses for its insurance and reinsurance segments consistent with the progress observed in 2020.
Tuesday, April 13, 2021
Samsung replies to Ericsson s response to its Federal Circuit anti-antisuit injunction appeal only three days after amicus curiae briefs
The lawyers representing Samsung in the U.S. part of its patent dispute with Ericsson must have had a very busy weekend. On Friday, five amicus curiae briefs were filed in support of Ericsson s responsive brief, one of which was a joint filing by Senator Thom Tillis (R-N.C.), former Federal Circuit Chief Judge Paul Michel, and the Trump Administration s USPTO Director Andrei Iancu. But around mignight Eastern Time on Monday, Samsung already filed its reply brief (this post continues below the document):
Inception Group takes legal action against insurance firm thespiritsbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thespiritsbusiness.com Daily Mail and Mail on Sunday newspapers.
Holyrood bills to be challenged by UK government bbc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bbc.com Daily Mail and Mail on Sunday newspapers.